The chancellor made his 2016 Budget speech today and made a joke on pensions: "...we'll keep the lump sum and abolish the Liberal Democrats."

The House of Lords Economic Affairs Committee's report on the Draft Finance Bill 2016, raises a number of areas of concern.

In March 2016 the Office of Tax Simplification (OTS) published its 'Small company taxation review'. It focused on making the tax system simpler for micro-companies with fewer than ten employees.   

March 2006 saw a major change in the tax treatment of trusts, and as we head towards the tenth anniversary of this change many trusts created since then will have reporting obligations and potential IHT liabilities to consider for the first time.

In Julian Nott v HMRC [2015] TC04897 the First Tier Tribunal (FTT) decided that the letting of holiday units was different to operating a B & B or a hotel and so did not amount to a trade for the purposes of NICs or sideways loss relief.